The Indian rupee ended higher drawing comfort from strong gains in domestic equities, but demand from importers contained the unit's rise. The partially convertible rupee ended at 45.1100/1200 per dollar, 0.3 percent higher against Tuesday's close of 45.2400/2500. Intraday the rupee moved in a 45.1000-45.2425 range.
The one-month offshore non-deliverable forward contracts were quoted at 45.47, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, MCX-SX, and the United Stock Exchange were all at 45.2600, with the total traded volume at about $7.57 billion.